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RE:  Restaurant With Property In Waynesville, NC! Contact:  Kavita Purohit

Quick Facts

Asking Price: $699,000
Annual Revenue: $600,000
Net Profit: $84,582
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 934596
Broker Reference #: Not Disclosed

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Business Overview:

Revenue is averaging $50,000 Per Month! Net Profit is projected at over $84,000 per year AFTER paying an Extremely High Payroll of $200,000 per year and all other expenses! Food Cost is 36%. Owner-Operator can reduce Food Cost and streamline operations by reducing the $200,000 payroll! Franchise Royalties are only 9%! Franchise transfer fee is only $5,000! Currently not serving beer! Franchise allows for beer sales! Huge opportunity to attract more customers and increase sales by adding beer! Sellers are Absentee and cannot manage the restaurant because they live almost 2 hours from the business! Property is large enough to add another business! Huge opportunity to add a vape store or other retail! Only 18 minutes from Asheville, NC! Only 1 h 10 min from Spartanburg and Greenville, SC! 1 hour 30 mins from Knoxville, TN! Located near Interstate-40! 4 miles from universities like Haywood University with over 2,500 students, Haywood Christian Academy, Shining Rock Classical Academy with over 563 students, Regional High Technology Center, and Tuscola High School with over 971 students! Near Haywood Regional Medical Center and Lake Junaluska with major lake tourism! Surrounded by various apartment complexes like Mountain Creek, Brookmont Loft Apartments, Mountain Trace, Palisades at

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Market Competition and Expansion:

Surrounded by various apartment complexes like Mountain Creek, Brookmont Loft Apartments, Mountain Trace, Palisades at Plott Creek, Vantage Pointe Homes at Balsam Mountain, Aviemore Village, and Meadowland Apartments.

2 miles from the economic development project that will have two apartment buildings with a total of 210 units as well as Waynesville’s largest-ever single-family home subdivision development with 115 home sites!

4 miles from a townhome project that will amount to more than 800 new units!

Extremely High Average Traffic Count! Approximately 26,000 vehicles passing by the Restaurant each day!

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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